Fair Work Commission Announces 5.75% Increase in Minimum Wages

Last Friday, The Fair Work Commission announced a 5.75% National Minimum Wage increase, including Modern Awards, effective 1 July 2023.

For anyone not covered by an award or an agreement, the new national minimum wage (NMW) will be $882.80 per week or $23.23 per hour.

All Modern Awards will also be subject to a 5.75% increase effective 1 July 2023.

Any one on enterprise agreement will need to ensure base rates are not below the new rates in the applicable modern award.

This will lift an Adult's minimum annual salary to $45,902.48. It will be worth checking not only staff on minimum Award rates of pay but also those paid higher rates to ensure they have not now fallen under the minimum.

If you need assistance in working out how this decision impacts your business, please contact us.

How can we help?

As specialists in human resource management and industrial relations, Essential HR assists Australian businesses navigate their way through the complexities around employing people.

To learn more how we can assist your workplace stay up-to-date and compliant by visiting our website at: www.esshr.com.au.

This information is of general guidance only and is not legal advice. Readers are encouraged to consider this information in their own context and with independent advice.